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Welcome To Contract Easily! ( Consult, Contract, Share,download Legal Matters Easily )
Contract Easily
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Guideline for Drafting an Affidavit for Changing the Name of Nominee from Share Certificate:
Usage:
An Affidavit for Changing the Name of Nominee from a Share Certificate is utilized when a shareholder wishes to update the nominee's name associated with their shareholding. This affidavit is necessary for legal and administrative purposes, particularly in cases where the nominated individual's name needs to be changed due to various reasons, such as marriage, divorce, or a legal name change. Here's a concise guideline:
Header: Include the shareholder's name, date, and a title specifying it's an affidavit for changing the nominee's name on the share certificate.
Introduction: Begin with a statement affirming that the affidavit is being made voluntarily and under oath.
Shareholder's Details: Provide the shareholder's full name, contact information, and the details of their shareholding, including the share certificate number.
Nominee's Previous Name: Mention the previous name of the nominee, as stated on the share certificate.
Nominee's New Name: Clearly state the new name of the nominee.
Reason for Name Change: Explain the reason for the nominee's name change (e.g., marriage, legal name change).
Confirmation of Request: Confirm that the shareholder requests the change of the nominee's name on the share certificate.
Legal Declarations: Acknowledge the legal implications of the name change and agree to adhere to the terms of the affidavit under oath.
Signature: Include spaces for the shareholder's signature, date, and a notary public's acknowledgment.
Common Mistakes to Avoid:
Inaccuracies: Ensure that all details in the affidavit are accurate and align with the share certificate and the nominee's official records.
Lack of Clarity: Write the affidavit clearly to prevent misunderstandings regarding the requested change.
Failure to Notarize: Notarize the affidavit to provide legal validity and recognition.
Insufficient Documentation: Include supporting documents, such as a copy of the share certificate and legal proof of the nominee's name change.
Failure to Inform Registrar: After obtaining the updated share certificate, inform the share registrar and update the company's records accordingly.
Drafting an Affidavit for Changing the Name of Nominee from a Share Certificate is essential to facilitate the correct and legally recognized transfer of shares and to update the company's records accurately. It should be prepared with attention to detail and adherence to legal formalities to ensure a seamless process. Consulting with legal professionals or the company's registrar may be necessary to navigate specific requirements and procedures.